Top Story

e4m_logo.png

Home >> Media - TV >> Article

TV Today Q1 net profit up 440 per cent at Rs 7.99 cr

31-July-2007
Font Size   16
TV Today Q1 net profit up 440 per cent at Rs 7.99 cr

TV Today Network Ltd has announced its financial results for the quarter ended June 2007. The Q1 topline at Rs 55.66 crore has grown by almost 50 per cent over the corresponding quarter of last year. The net profit is up 440 per cent at Rs 7.99 crore, against Rs 1.48 crore of last year.

The PBITD figure went up from Rs 6.27 crore to Rs 16.03 crore. The EPS is at Rs 1.38, up from Rs 0.26 over last year, indicating greater value for shareholders.

Aroon Purie, Chariman and Managing Director, TV Today Network Limited, said, “In spite of an increasingly competitive market, our profits have increased. I am glad that as a network, TV Today continues to set the agenda in the news space. Each of our offerings is unique and that is why they have all made a distinct space for themselves. We will continue to deliver value to our investors and advertisers by expanding the news base.”

G Krishnan, CEO, TV Today Network Limited, commented, “TV Today is on the growth track -- we have continued to grow every quarter despite the increasing number of players in the market. It is indeed heartening to note that our profits have gone up by 440 per cent. We are aggressively looking at creating revenue drivers on the domestic and international fronts. We expect to continue the good showing in future as well.”

In this quarter, TV Today consolidated its network share. As per the latest viewership data (TAM, All-India, Average of weeks 14-26), Aaj Tak continues to be the preferred choice, with a market share of 21.6 per cent in the core TG of 15+, all India. The entire TV Today network continues to be the dominant leader with a market share of 23.3 per cent, almost 40 per cent more than its nearest competitor (Source TAM, All-India Average of weeks 14-26, 15+).

Aaj Tak will be launched in the UK in August. Along with Headlines Today, Aaj Tak is already available in the US on the Dish Network.

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Ushering the launch with a campaign titled ‘The New Way to Get Rich’ showcasing how technology gets millennials closer to their financial dreams

Ogilvy and Love Matters conceptualised a campaign that aimed to change the conversation and imagery that is associated with the LGBTQ community and lesbians in particular